- Trading Screen Product Name
- Freight Futures (USD) (balmo)
- Trading Screen Hub Name
- West Africa to UK-Continent
- Contract Symbol
DFZ
- Contract Size
1,000 metric tonnes
- Unit of Trading
Any multiple of 1,000 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One hundredth of one cent ($0.0001) per metric tonne
- Settlement Price Quotation
One hundredth of one cent ($0.0001) per metric tonne
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per metric tonne
- Last Trading Day
Second Business Day after the nominal contract date.
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
assessments appearing in the “Platts Dirty Tankerwire”
under the heading “West of Suez Dirty Tankers”,
subheading “Suezmax” and “$/mt” for the
West Africa to UK Continent route for each business day (as
specified below) in the determination period.
- Contract Series
Up to 2 consecutive months or as otherwise determined by the Exchange.
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Dirty Tankerwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU